US sanction pushed Russia into China’s arms June 9, 2014

Russia’s large corporations are interested in doing business using Renminbi, Hong Kong dollars and Singapore dollars according to the top guy of Deutsche Bank Russia.

Well, China wanted this to happen and to China, Russia’s 投坏入抱 正中其下怀. And China has no one but Obama to thank for. This is because that Russian’s Central Bank will have to establish a fair amount of reserve positions in renminbi to handle bilateral trades which will in time help making renminbi a major currency in the world. With enemies America (many of them in South America too) has in the world, one of this days US dollar will be in danger of losing its reserve currency status in the world.

Putin already have Crimea no matter what the new president of Ukraine or Obama say or do. Obama continues to push for more sanctions against Russia because Obama doesn’t want to be seen as a midget next to Putin.